EXHIBIT 10.3b

                     EXTENSION TO THE MARINE FUEL AGREEMENT

                Reference is hereby made to the Marine Fuel Agreement dated
                December 28th, 1990 and amended on December 27th, 1996, between
                **************** and STATIA TERMINALS N.V. ("STATIA"), with
                respect to the purchase of certain petroleum products.

                The Marine Fuel agreement provides in its Section 1 that it "...
                shall have a commence on January 1, 1997 (the "Term") and shall
                end at midnight on December 31, 1997 and provides further that
                "... if either Party hereto is interested in extending this
                Agreement, such Party shall so notify the other Party in writing
                no less than forty five (45) days in advance of the date of
                termination hereof, in such case, the Parties shall consult
                promptly with each other to consider the possibility of
                extending this agreement."

                This letter hereby confirms the intention of ************ and
                STATIA to extend the term of the Agreement from January 1st, 
                1998 to December 31, 1998.

                  As extended hereby, all other terms and conditions of the
                  Marine Fuel Agreement shall remain in full force and effect.

                                          STATIA TERMINALS N.V.

                                          BY:      /S/ CLARENCE W. BROWN
                                          TITLE:  MANAGING DIRECTOR

                                          ********************
                                          BY:     ***********

                                          TITLE: **********

DATE:  28/12/97


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                                  EXHIBIT 10.3b

                EXTENSION TO THE STORAGE AND THROUGHPUT AGREEMENT

        Reference is hereby made to the Storage and Throughput Agreement dated
        December 28th, 1990 and amended on December 27th, 1996, between
        ********************** and STATIA TERMINALS N.V. ("STATIA"), with
        respect to certain services and facilities, in connection with the
        storage and transshipment of commodities at the Statia terminal located
        on Saint-Eustatuis Island, Netherlands, Antilles.

        The Storage and Throughput Agreement provides in this Article 4.1, that
        it "... shall commence on January 1, 1997 and subject to the provisions
        of Article VI of this Agreement, shall end at midnight on December 31,
        1997".

        This letter hereby confirms the intention of ************* and STATIA to
        extend the term of the Agreement from January 1st, 1998 to December 31,
        1998.

        As extended hereby, all other terms and conditions of the Storage and
        Throughput Agreement shall remain in full force and effect.

                STATIA TERMINALS, N.V.

                BY:      /S/ CLARENCE W. BROWN
                TITLE:  MANAGING DIRECTOR

                ******************

                BY:     ************
                TITLE:  **********

DATE:  28/12/97